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Shan Xi Hua Yang Group New Energy Co 600348.SS · CNY

Energy · Shanghai · 🇨🇳 China

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8.63

+2.74%

Close of 9 Nov 2026, in CNY

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in CNY, from our data supplier.

FY2025

Revenue

CN¥21.44bn

FY2016FY2025

Net income

CN¥1.70bn

FY2016FY2025

Free cash flow

−CN¥2.96bn

FY2016FY2025

Shareholders' equity

CN¥36.14bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueCN¥21.44bnCN¥25.06bnCN¥28.52bnCN¥35.05bnCN¥38.03bnCN¥31.18bnCN¥32.66bnCN¥32.68bnCN¥28.15bnCN¥18.70bn
Gross profitCN¥8.46bnCN¥8.57bnCN¥12.72bnCN¥16.21bnCN¥13.71bnCN¥5.23bnCN¥5.79bnCN¥6.08bnCN¥5.87bnCN¥4.00bn
Research and developmentCN¥856.7mCN¥928.5mCN¥703.3mCN¥232.4mCN¥341.3mCN¥245.2mCN¥242.8mCN¥211.6mCN¥225.3mCN¥160.9m
Operating incomeCN¥3.76bnCN¥3.67bnCN¥7.93bnCN¥11.55bnCN¥7.53bnCN¥1.95bnCN¥2.32bnCN¥2.86bnCN¥2.76bnCN¥1.65bn
Net incomeCN¥1.70bnCN¥2.22bnCN¥5.18bnCN¥7.02bnCN¥3.53bnCN¥1.51bnCN¥1.70bnCN¥1.97bnCN¥1.64bnCN¥429.0m
Diluted earnings per share0.470.621.441.951.460.640.700.800.690.20

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsCN¥87.40bnCN¥80.97bnCN¥71.57bnCN¥69.92bnCN¥66.23bnCN¥57.48bnCN¥49.07bnCN¥46.13bnCN¥41.97bnCN¥41.79bn
Cash and short-term investments—CN¥11.62bnCN¥14.50bnCN¥17.43bnCN¥16.07bnCN¥8.53bnCN¥6.21bnCN¥7.53bnCN¥5.41bnCN¥6.19bn
Total liabilitiesCN¥46.55bnCN¥43.14bnCN¥39.40bnCN¥40.31bnCN¥41.81bnCN¥31.48bnCN¥24.90bnCN¥24.21bnCN¥26.34bnCN¥27.76bn
DebtCN¥21.60bnCN¥21.79bnCN¥14.21bnCN¥19.13bnCN¥19.63bnCN¥11.89bnCN¥6.97bnCN¥9.87bnCN¥12.10bnCN¥11.75bn
Shareholders' equityCN¥36.14bnCN¥33.28bnCN¥27.86bnCN¥26.40bnCN¥21.39bnCN¥23.68bnCN¥22.54bnCN¥21.17bnCN¥14.99bnCN¥13.51bn
Shares outstanding3,608m3,608m3,608m3,607m2,412m2,334m2,426m2,470m2,368m2,103m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsCN¥3.18bnCN¥3.49bnCN¥7.01bnCN¥9.97bnCN¥8.46bnCN¥3.97bnCN¥3.51bnCN¥3.76bnCN¥2.87bnCN¥3.42bn
Capital spending−CN¥6.13bn−CN¥13.37bn−CN¥6.59bn−CN¥4.55bn−CN¥1.67bn−CN¥2.15bn−CN¥2.95bn−CN¥3.28bn−CN¥4.59bn−CN¥3.18bn
Free cash flow−CN¥2.96bn−CN¥9.88bnCN¥416.6mCN¥5.42bnCN¥6.79bnCN¥1.82bnCN¥552.5mCN¥486.6m−CN¥1.72bnCN¥234.8m
Dividends paid−CN¥1.98bn−CN¥3.31bn−CN¥2.87bn−CN¥1.20bn−CN¥601.3m−CN¥673.4m−CN¥673.4m−CN¥1.14bn−CN¥687.7m−CN¥506.8m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueCN¥5.00bnCN¥4.93bnCN¥4.49bnCN¥5.72bnCN¥5.42bnCN¥5.82bnCN¥6.46bnCN¥6.40bn
Gross profitCN¥2.24bnCN¥2.03bnCN¥2.81bnCN¥1.93bnCN¥1.60bnCN¥2.09bnCN¥2.42bnCN¥2.27bn
Operating incomeCN¥1.09bnCN¥954.9mCN¥1.20bnCN¥803.1mCN¥344.0mCN¥1.09bnCN¥800.2mCN¥930.0m
Net incomeCN¥577.9mCN¥483.6mCN¥578.9mCN¥341.5mCN¥185.7mCN¥596.9mCN¥405.8mCN¥520.1m
Diluted earnings per share0.160.130.160.090.050.170.110.14
Cash from operations———CN¥662.0mCN¥395.0m−CN¥343.0m—CN¥1.72bn
Capital spending−CN¥299.0m−CN¥1.95bn−CN¥2.95bn−CN¥668.0m−CN¥1.22bn−CN¥1.30bn−CN¥3.04bn−CN¥8.38bn
Free cash flow———−CN¥6.0m−CN¥823.0m−CN¥1.64bn—−CN¥6.66bn
Total assetsCN¥87.88bnCN¥85.63bnCN¥87.40bnCN¥83.31bnCN¥82.20bnCN¥81.66bnCN¥80.97bnCN¥76.86bn
Cash and short-term investments———CN¥11.19bnCN¥11.19bnCN¥11.33bnCN¥11.62bnCN¥10.62bn
DebtCN¥21.98bnCN¥23.21bnCN¥21.60bnCN¥5.00bnCN¥25.64bnCN¥24.44bnCN¥21.40bnCN¥22.67bn
Shareholders' equityCN¥37.06bnCN¥34.84bnCN¥36.14bnCN¥27.61bnCN¥33.25bnCN¥34.09bnCN¥33.28bnCN¥30.53bn

Financial ratios

Data as of 21 Sept 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin39.5%34.2%44.6%46.2%36.1%16.8%
Operating margin17.5%14.7%27.8%33.0%19.8%6.2%
Net margin7.9%8.9%18.2%20.0%9.3%4.8%
Return on equity4.7%6.7%18.6%26.6%16.5%6.4%
Return on assets1.9%2.7%7.2%10.0%5.3%2.6%
Free cash flow yield28.3%51.2%41.3%44.1%46.0%28.7%
Revenue growth-14.4%-12.1%-18.6%-7.9%22.0%-4.5%
Earnings growth-23.5%-57.0%-26.3%98.9%134.6%-11.5%
Current ratio0.68x0.69x0.70x0.87x0.71x0.61x
Debt to equity0.60x0.64x0.50x0.66x0.97x0.50x
Equity ratio41.3%41.1%38.9%37.8%32.3%41.2%
Interest coverage6.07x5.80x13.51x17.19x9.02x4.19x
R&D as a share of sales4.0%3.7%2.5%0.7%0.9%0.8%
Buybacks as a share of market value0.0%0.0%-0.0%-49.6%-3.3%3.8%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-15.1%-7.2%2.4%
Operating income-31.2%14.1%34.8%
Net income-37.6%2.5%35.6%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin36.6%41.8%36.2%29.0%
Operating margin16.0%24.4%20.3%15.0%
Net margin8.4%14.7%11.8%8.8%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings17.511.56.84.95.45.85.34.27.122.0
Price to sales1.41.01.21.00.50.30.30.30.40.5

Dividends and splits

Per share, in the currency the company pays

Paid for 8 years. Last went ex-dividend on 15 Jul 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year0.2370.3090.7180.8770.3330.1670.1870.187
  • 3-for-2 split · 16 Jun 2023
  • 5-for-2 split · 8 Jun 2010
  • 2-for-1 split · 15 Jul 2008
  • 1-to-1 reverse split · 29 Dec 2005

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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